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A group of US companies are lining up nearly £100m of investments primarily in the West Midlands, defying the gloom around the UK’s post-Brexit prospects.

Engineer Bromford, owned by New York-based private equity fund Liberty Hall Capital, is investing £20m into technology at its Birmingham base, having landed a £25m contract to supply Rolls-Royce, which could rise to £56m over time.

US rail freight giant Genessee and Wyoming is investing £30m in Birmingham to build a new shared services centre, creating more than 100 new jobs in the first year.

IPG Photonics, a maker of high-performance lasers, is putting £15m into a new base in Coventry, while Jacobs Engineering, which is working on the HS2...